New York State Teachers Retirement System lessened its position in Superior Industries International, Inc. (NYSE:SUP) by 5.0% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 74,360 shares of the auto parts company’s stock after selling 3,936 shares during the quarter. New York State Teachers Retirement System owned approximately 0.30% of Superior Industries International worth $1,238,000 at the end of the most recent reporting period.
Other hedge funds have also recently bought and sold shares of the company. PNC Financial Services Group Inc. grew its stake in Superior Industries International by 1.2% during the 2nd quarter. PNC Financial Services Group Inc. now owns 5,616 shares of the auto parts company’s stock worth $115,000 after purchasing an additional 69 shares in the last quarter. BNP Paribas Arbitrage SA grew its stake in Superior Industries International by 51.8% during the 2nd quarter. BNP Paribas Arbitrage SA now owns 9,070 shares of the auto parts company’s stock worth $186,000 after purchasing an additional 3,094 shares in the last quarter. Baker Ellis Asset Management LLC acquired a new position in Superior Industries International during the 2nd quarter worth $196,000. KCG Holdings Inc. acquired a new position in Superior Industries International during the 1st quarter worth $239,000. Finally, Thrivent Financial For Lutherans grew its stake in Superior Industries International by 6.2% during the 2nd quarter. Thrivent Financial For Lutherans now owns 13,480 shares of the auto parts company’s stock worth $277,000 after purchasing an additional 790 shares in the last quarter. Hedge funds and other institutional investors own 81.46% of the company’s stock.
In other news, Director James Strauss Mcelya bought 17,422 shares of the firm’s stock in a transaction that occurred on Tuesday, August 22nd. The stock was purchased at an average cost of $14.26 per share, with a total value of $248,437.72. Following the transaction, the director now directly owns 27,376 shares in the company, valued at $390,381.76. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, SVP Shawn Pallagi bought 10,000 shares of the firm’s stock in a transaction that occurred on Wednesday, August 23rd. The stock was purchased at an average cost of $14.64 per share, with a total value of $146,400.00. Following the completion of the transaction, the senior vice president now owns 10,952 shares in the company, valued at $160,337.28. The disclosure for this purchase can be found here. Over the last three months, insiders purchased 40,506 shares of company stock valued at $580,500. Insiders own 1.50% of the company’s stock.
Several research firms recently commented on SUP. BidaskClub cut Superior Industries International from a “hold” rating to a “sell” rating in a research note on Friday, July 28th. FBR & Co reissued an “outperform” rating and set a $31.00 target price on shares of Superior Industries International in a research note on Tuesday, July 18th. Zacks Investment Research raised Superior Industries International from a “strong sell” rating to a “hold” rating in a research report on Monday, October 9th. Buckingham Research lowered their price objective on Superior Industries International from $21.00 to $18.00 and set a “neutral” rating for the company in a research report on Tuesday, August 15th. Finally, B. Riley reaffirmed a “buy” rating and set a $25.00 price objective on shares of Superior Industries International in a research report on Monday. One investment analyst has rated the stock with a sell rating, three have given a hold rating and two have given a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average target price of $22.67.
Superior Industries International, Inc. (NYSE SUP) opened at $14.85 on Tuesday. The stock has a market capitalization of $371.08, a PE ratio of 15.36 and a beta of 0.74. Superior Industries International, Inc. has a 1 year low of $13.95 and a 1 year high of $27.45. The company has a current ratio of 2.36, a quick ratio of 1.85 and a debt-to-equity ratio of 1.46.
Superior Industries International (NYSE:SUP) last released its quarterly earnings data on Thursday, November 9th. The auto parts company reported ($0.22) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.36 by ($0.58). The business had revenue of $331.40 million for the quarter, compared to analyst estimates of $316.20 million. Superior Industries International had a return on equity of 8.63% and a net margin of 0.66%. The company’s revenue was up 88.7% compared to the same quarter last year. During the same period in the prior year, the company posted $0.23 earnings per share. equities research analysts predict that Superior Industries International, Inc. will post 1.45 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which was paid on Thursday, October 19th. Stockholders of record on Thursday, October 5th were given a dividend of $0.09 per share. The ex-dividend date was Wednesday, October 4th. This represents a $0.36 annualized dividend and a dividend yield of 2.42%. Superior Industries International’s dividend payout ratio is currently -180.00%.
Superior Industries International Profile
Superior Industries International, Inc is engaged in the design and manufacture of aluminum wheels for sale to original equipment manufacturers (OEMs). The Company supplies cast aluminum wheels to automobile and light truck manufacturers, with wheel manufacturing operations in the United States and Mexico.
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